The global aviation industry is facing an unprecedented crisis due to the outbreak of COVID-19, affecting people and industries worldwide. As governments around the world have put in place measures to curtail the spread of the infection, airlines have substantially reduced flights globally, leading to significant changes in bookable flights and airfare prices.
At Infare, we want to give our partners an open assessment of the overall outlook as we see it with our data.
Through the careful analysis of our data and the development of the unique market trends visual analytics tool by our exclusive partner Air Cube, we have been able to draw insights on how markets have adjusted their traffic and prices, at a global, regional and local level. We will also look at how airlines seem to be preparing for a progressive ramp-up of their flights and adapted pricing as the confinement measures will progressively be lifted over time.
July 29, 2020
- We see a drop of bookable flights by 60% for departure dates the week of 30 July 2020 compared to the same period last year. It represents a 10-p.p. improvement compared to our observations three weeks ago, and a 25-p.p. improvement with our initial observations in April.
- The number of bookable flights returns to a similar volume than 2019 between the weeks of September 3rd and 17th. The number of bookable flights for the week of 3 September 2020 to 21 January 2021, compared to the same period last year, is now 110% globally, with variations between regions, the most noticeable one being the Americas with a 19% increase year-over-year.
- Prices remain globally lower than in the same period in 2019, by 10%. Unchanged from previous observations.
Our unique market trends are built with a rich sample of bookable airfares collected from 835 traffic-intensive airport pairs worldwide and 72 major carriers. These airfares are observed week after week for a six-month departure window; this will remain consistent during the entire period of observations to secure its insights accuracy. Flights and prices are observed from a region to all destinations worldwide.
The data visualisation tool used for those insights comes with an additional dataset even richer in content as it features bookable airfares collected from more than 77,000 traffic-intensive airport pairs worldwide and over 360 carriers.
Since the crisis is dynamic, giving limited visibility on its duration and final consequences, it is important to note that the purpose of this analysis is to present facts and indicators as we observe them through our datasets and tools today. As the situation continues to evolve, and we see changes in flights and prices, we will update these insights on a biweekly basis on this webpage.
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